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House passes bill to end tax on retirement pay for 60,000 wounded veterans

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12 Nov 2026, 19:52 WIB
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House passes bill to end tax on retirement pay for 60,000 wounded veterans

The U.S. House of Representatives passed the Major Richard Star Act to eliminate the 'wounded veteran tax,' which currently reduces retirement pay for nearly 60,000 combat-injured veterans receiving VA disability compensation. This bipartisan legislation allows these veterans to receive full retirement and disability benefits without offset. The bill honors Army Major Richard Star, who faced this offset after medically retiring due to cancer linked to toxic exposure during service. The Wounded Warrior Project, leading the advocacy coalition, urges the Senate to quickly pass the bill to provide long-overdue financial relief to affected veterans.

The Wounded Warrior Project applauds the House passage of the Major Richard Star Act. For readers following Health-sector US stocks, here is Pluang's market snapshot as of Nov 13, 2026 00:22 WIB: of 150 priced stocks, 46 rose and 103 fell. Notable movers include LQDA at USD 58.05 (+5.14%), HRTX at USD 0.34 (-5.09%), and IOVA at USD 7.69 (-4.94%).

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